U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms.

A European industry lobby told Prime Minister Theresa May on Wednesday that Britain needed trade to be as “frictionless as with a customs union” after Brexit, adding to growing EU pressure on London over divorce negotiations that have stalled.

Royal Bank of Scotland’s finance chief quit unexpectedly on Wednesday and cast doubt on the timing of a possible sale of some of the British government’s controlling stake.